OnePlus first announced a couple of months back that it will be releasing a second phone this year. It confirmed that it wouldn’t be a flagship-killing OnePlus 3, but rather, a more budget-friendly smartphone. We’ve already seen some sketchy render leaks, and today further details have seemingly been revealed.

GizmoChina — which has a somewhat hit-and-miss reputation when it comes to rumors — has heard from its sources that the OnePlus ‘X’ will be powered by a Snapdragon 801 processor, the same found inside the original OnePlus One. The device could also feature a 5-inch display, although the publication seems unsure whether it’s going to be 720p or 1080p resolution. Either way, with last year’s flagship chip inside, it should easily offer fast and fluid performance, especially given how light and smooth OnePlus’ Oxygen OS is.

We’re expecting OnePlus to release the device in time for the holiday shopping season, and GizmoChina states that we could see an announcement as soon as next month. Pricing could be around $249, and we’d be surprised if it was any more than. If it’s too close to the $329 price point of the OnePlus 2, it’ll surely make the device redundant.